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Company's Articles Of Association
"I need Articles of Association for a new private technology company being incorporated in Wales, with specific provisions for protecting minority shareholders and including pre-emptive rights for existing shareholders during any future fundraising rounds."
1. Interpretation: Definitions of terms used throughout the articles
2. Objects: Company's purpose and permitted activities
3. Limited Liability: Statement of shareholders' limited liability
4. Share Capital: Structure and rights attached to shares
5. Directors: Powers, duties, and procedures for directors
6. Decision-Making by Directors: Rules for board meetings and resolutions
7. Shareholders and General Meetings: Rights and procedures for shareholder meetings
1. Share Transfer Provisions: Detailed procedures for share transfers, used in private companies
2. Pre-emption Rights: Rights of existing shareholders to purchase new shares, common in private companies
3. Drag and Tag Rights: Special provisions for share sales, used in companies with multiple shareholders
1. Schedule 1: Share Rights: Detailed rights attached to different share classes
2. Schedule 2: Matters Reserved for Shareholder Approval: List of decisions requiring shareholder consent
3. Schedule 3: Board Reserved Matters: List of decisions requiring board approval
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